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Showing 1851 - 1860 of 2920 results for "Merge"

Paragem FUA reaches $1.9bn after new mergers

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
Paragem Australian Financial Services Licence (AFSL)'s funds under advice (FUA) has reached $1.9 billion after three practices joined the group between May and June 2013. The practices are all fee-based and look after more than $280 million FUA, which ...

AUI investors approve property fund merger

MARK SMITH  |  FRIDAY, 24 MAY 2013
Investors in Australian Unity Investments' (AUI) Second Industrial Trust (SIT) have voted in favour of a merge with AUI's Office Property Fund (OPF) at a meeting of investors in Melbourne. The proposal, which had the support of 89.8% of voters, will ...

ACCC to review Perpetual's Trust Company takeover

MARK SMITH  |  TUESDAY, 21 MAY 2013
The Australian Competition and Consumer Commission (ACCC) will review Perpetual's proposed takeover of The Trust Company. The consumer watchdog says it wants to assess whether the merger will substantially lessen competition in market. Earlier this ...

Niche mergers have their benefits

JAMES FERNYHOUGH  |  TUESDAY, 14 MAY 2013
Niche industry super fund mergers may have gotten some bad publicity, but they needn't be all bad according to NGS Super chief executive Anthony Rodwell-Ball. A recent survey by NGS Super found member satisfaction with the fund was at 84%, following ...

The Trust Co recommends Perpetual merger

LAURA MILLAN  |  FRIDAY, 10 MAY 2013
The Trust Company board has recommended unanimously that its shareholders support the Perpetual proposal to acquire 100% of its shares. The Perpetual proposal would result in shareholders receiving 0.1495 Perpetual shares for each share held in The ...

La Trobe Financial announces CIO and COO of the Year

JAMES FERNYHOUGH  |  WEDNESDAY, 8 MAY 2013
La Trobe Financial has named the winners of its annual CIO/COO awards at a presentation on the 89 th floor of Melbourne's Eureka Tower. Chief Investment Officer of the Year went to Gerard Parlevliet, CIO of Commonwealth Bank Group Super, one of the ...

SFG pursues mergers on WHK suspension

ALICE URIBE  |  WEDNESDAY, 8 MAY 2013
... Fenning said. Yesterday SFGA announced to the Australian Securities Council (ASX) that it was withdrawing its proposal to merge. Fenning said that four earnings downgrades and WHK's disappointing trading announcement on 29 April 2013 led to the decision ...

Macquarie reports rise in profits

MARK SMITH  |  FRIDAY, 3 MAY 2013
Macquarie Group has reported a net profit of $851 million for the full year to the end of March, up 17% on last year. Total assets under management (AUM) were also up to $347 million from $327 million last year. Operating income fell 4% to $6.7 billion ...

AUI tips property fund merger

MARK SMITH  |  WEDNESDAY, 1 MAY 2013
Australian Unity Investments (AUI) is seeking approval from investors in its Second Industrial Trust (SIT) to merge the trust with its flagship Office Property Fund (OPF). Investors in SIT will be eligible to vote on the proposal to create a $360 million ...

First State Super CIO departs

ALICE URIBE  |  TUESDAY, 16 APR 2013
First State Super (FSS) chief investment officer Mark Sainsbury will retire from his position and leave the fund in May 2013. His departure follows the the appointment of Richard Brandweiner as director of investment services last week. Brandweiner ...